Saturday, May 16, 2015

Gold Market Update : Epic Research Singapore

Gold futures turned higher during Friday’s final minutes of trading to climb a dime for the session and tally a more than 3% gain for the week.

Prices found support from a weaker U.S. dollar as investors assessed the latest economic data and their influence on the metal’s investment appeal.

Gold for June delivery GCM5, -0.18%  tacked on 10 cents to settle at $1,225.30 an ounce on Comex. That was the highest settlement in about 3 months.

Tracking the most-active contracts, prices climbed 3.1% for the week.

July silver SIN5, +0.34%  added 9.8 cents, or 0.6%, to $17.563 an ounce. Prices were 6.7% higher for the week.

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